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I recently became a Foolish investor and wish that I had become one a long time ago. However, my current situation has presented itself with several important questions I need some sound advice on.

About three to four years ago I invested in two mutual funds as an IRA. A couple of years ago I opened an additional one for my wife. I have not been impressed whatsoever in their performance to date, however, I realize that the long-term with smooth out these valleys. I would, however, like to take the money I have invested in these mutual funds, seel the funds and invest in my Foolish 4 portfolio. Is this Foolish (good) for me to do? If so, what tax penalties, if any will I incurr?

Also, I was curious, on an annual average, about what percentage of my returns on Investment will be taxed?

Thank you for your assitance.
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